Motilal Oswal Global Dashboard – September 2026

The Motilal Oswal Global Market Snapshot provides a quick glance at index performances and economy updates from the Indian & global markets.

Click here to view the detailed report for September 2026

Indian Market Update

• Nifty 50 declined 6.06% in September, with weakness across the market cap spectrum. Midcaps fell 7.09% and Nifty Next 50 declined 5.44%, while Smallcaps (-3.12%) and Microcaps (-1.09%) declined less than large and midcaps.
• Sectorally, Metal and FMCG saw the mildest declines at -3.28% and -3.30% respectively, followed by Energy (-3.46%). IT and Consumer Durables saw the sharpest falls, at -11.18% and -9.41% respectively.
• Factor indices declined across the board. Enhanced Value fell the least at -4.69%,followed by Momentum at -5.52%. Low Volatility fell 6.46% and Quality declined 6.89%.
• Nifty 500 declined 5.88%, with Financial Services (-2.04%), Consumer Discretionary (-1.15%) and IT (-0.72%) the largest drags on return contribution. Services was the only sector with a positive contribution (+0.05%).

Global Market Update

• S&P 500 declined 0.45% in September, as Financials (-0.84%), Consumer Discretionary (-0.49%) and Industrials (-0.35%) weighed on the index return, while IT contributed 1.51% and Communication Services added 0.38%.
• Emerging markets showed mixed trends overall, as Taiwan, Brazil and Korea gained 3.98%, 3.00% and 2.45% respectively, while South Africa declined 9.69% and China fell 4.82%.
• Developed markets were largely weak this month, as France fell 6.54%, Germany declined 6.12% and Switzerland dropped 5.93%, while Japan gained 0.79%.
• Crude oil rose 5.43% in the month, touching $90.42 a barrel, while Gold fell 8.47% to $4,176 an ounce. USD/INR also moved higher by 0.68% closing at 95.83.
• Crypto markets gained this month, with Ethereum gaining 8.53% and Bitcoin rising 5.99%, while both remained lower over the preceding one-year period.

Economic Indicators

India

• CPI inflation rose to 4.82% from 4.45%, while the repo rate held steady at 5.25% and the 10-year yield rose to 7.16% from 6.95%..
• FII turned net sellers with outflows of ₹58,443 cr, against inflows of ₹25,492 cr a month ago, while DIIs recorded net inflows of ₹22,369 cr.

US

• CPI inflation was unchanged at 3.40%, while the Fed raised its target rate to 4.00% from 3.75%.
• US Tax Receipts rose to $360 Bn from $334 Bn one month prior, while the 10-year yield climbed to 5.27% from 4.75%.

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